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PBS
Oct 10, 2013 11:30pm PDT
toronto. >> he formally became a canadian. >> it is the biggest threat. >> new laws aimed at taxing foreign income and assets are causing americans to divorce their mother land. it is more than seven times the number for the whole of 2012. >> they are busy constantly. >> the u.s. has one of the most intrusive tax policies in the world. that will be strengthened by the tax compliance act. next year, banks will be forced to report american owned assets or face sanctions. >> other than wait until this new berlin wall is built to try to keep u.s. citizens in the country, i decided, it is better to get out before the wall is built. >> divorcing america can be expensive as well. they must pay an exit tax. >> they continue to be liable for taxes. the fact that they renounce their citizenship does not save them from having to pay their taxes. >> they've been asked to declare their income, but the u.s. had no way to check for themselves without a court order. >> for more on the new tax law, we are joined from san francisco by robert a wood, tax lawyer and managing partner. thank you so much
Al Jazeera America
Oct 10, 2013 7:00pm EDT
. lawmakers can shrink amount by cutting government spending, and raising taxes or a combination of boths. democrats have traditionally favored raising taxes especially on the rich, and republicans prefer to cut social programs. budget deficits and all of that go under running them up are now on the table again. patricia has more. >> reporter: when the united states spends more money than it takes in during the year, the resulting red ink is what is known as the federal deficit. in 2011, the government took in $2.3 trillion in taxes and other revenues, but 3.2 trillion. leaving a deficit of about a trillion dollars. medicaid and medicare were the biggest chunk. social security was a close second at $725 billion, defense was the third largest expenditure at $700 billion. when businesses and individuals make more money, they pay more in taxes, giving the government more funds to cover its bills. in 2000, the government took in more than its spent, and posted a budget surplus in excess of $230 billion. as the decade wore on, the economy was doing well, but the wars in iraq and afghanistan in
FOX Business
Oct 13, 2013 1:30am EDT
. it is our moy they are spending. and they are castrating not only our tax dlars, but our kids' tax dollars and their kids'. something has goto give. t you're talking about last week in the market. i don't care about the short-term. i care about the long-term. >> as i've said many times, it's our money, as you say, gar and our government. charles, i promise you that all corporations have nonessential people too. people they could get ang without for a few days, for a few weeks. but they needed their employees for the cporation. the government is no different, gary. >> adam, i can promise you if you hired somebody like aack welch to walk into d.c. and really streamline it, he can cut 10, 15, 20% ougt of it, and everything would be ok. and i don't disaee with that. i don't disagree we should try our bestst to proritize. the question is, do w need these nonessential people? yes, we need them. for all sorts of reasons. >> the question is, has it impactedamerica? would it impact america -- >> in many ways, charles. to keep the government as bloated as it is? it grows faster than the rate of infl
FOX Business
Oct 12, 2013 12:00am EDT
-- reforms in to talk about the debt cling crisis and tax reform that would be an excellent idea that hooks good. >> he makes theest of a very tough suation of the derates of his own part. >> he could isolate can't it notasy toeep the coalition together but just as you wondered as the guy into thisess will he still be speaker butow people are thinking yes he . adam: picking up the pace the u.s. economy? >> it is a wind. when theovernment is not issuing of regulationsith 11 days of ahutdown tha is a win. adam: james? what do yyu think? >> i have to disagree'' we willee is growth is close at zero partly because of all of theruptions and uncertainty from this episeut subsequently if we should getome in tenement reform or tax form now with high probability but then ultimately the econonomy wins. adam: finally the citizens. winner lose? >> again if we get some movement to an taliban reform the american people win ything to process of congress is broken and this does not help the american people and does not build their confidence and makes the u.s. grnment looks silly in the eyes of the world th
PBS
Oct 15, 2013 5:00pm PDT
of these restrictions. that goes on. why do they need to tax anybody or borrow the money? why doesn't ben bernanke just print it all? we are told this is wonderful for us. quantitative easing. why not quadruple quantitative easing just to handle everything that way? you cannot believe anything they say. it is the old british saying, never believe anything officially denied. we should not believe the republicans or democrats. they only have themselves and the special interests. >> economic crisis raging in the eurozone, both had a lot to say on the matter. let's take a quick listen to obama. >> they are going through a financial crisis scaring the world and they are trying to take responsible actions, but the actions have not in quite as quick as they need to be the biggest headwind, that the american economy is facing right now, is uncertainty about europe. it is affecting global market. >> the shoe is on the other foot. he should be taking more of his own advice. >> it is always somebody else's fault. it is not his fault or the american government's fault, those guys in europe. the nation fundamentall
FOX News
Oct 14, 2013 1:00pm PDT
a couple of obamacare ideas may be in the mix, whether it's getting rid of the medical device tax. a leading senate democrat laid out the difference between democrats and republicans. >> runs -- republicans want to do it with entitlement cuts. put that money into undoing the sequester. democrat want to do it with a mix of mandatory cuts to entitlements and revenues. how do you overcome that dilemma? we won't in the next day or two. >> reporter: house speaker john boehner has checked in on the talks. there's a question what the house would be willing to do. the question for the house -- the dilemma for the house is time is running out, and the house conservatives expressed this frustration. >> this is the problem we have. intime we talk about entitlement reforms democrats say only with raising taxes. and this is an issue of fairness you. look at obamacare, the president and his administration have given exemptions to their friends to businesses, and all we're asking is to give the same exemption to the american people. >> reporter: senate majority leader harry reid floated the anot
FOX Business
Oct 10, 2013 8:00pm EDT
? >> but the fact people will be taxed if they have not purchased insurance is adding insult to injury. also obamacare is really an popular. the three things they should be able to tell us is this week. >> but the one being that is could we pass this law we cannot change it. this is not settled. chhrles: it has been amended already. >> whether the republicans take more seats in 2014 is every reason to believe it will be scaled back. charles: this will be a great rally cry for republicans. perhaps they did play their hand wrong. with the individual mandate first coming on my back pocket so house reduce the republicans handling thhs? is seems that they fumbled a lot of easy lay off -- lay a. >> but the speaker had a great line how we tax people for failing to buy a product from a web site that does not work? that gives him the talking point. >> lew will trust said data on the government web site that is this bad already? just like cleaning now wastebaskets with the most sensitive data in the world. there are security issues because the site is not working. all a bit. it has happened and unfort
CSPAN
Oct 11, 2013 12:00am EDT
qualifies for financial assistance, including the premium tax credit. our use of information technology will also play a key role going forward as we incorporate the various provisions into tax administration infrastructure. second, the protecting the safety and privacy of taxpayer data. being shared with federal and state entities under the aca statutes. this includes beth the establishment of safeguard procedures before data is released and on the ongoing monitoring of safeguarding practices going forward. third, updating and improving business processes and systems to facilitate tax return filing and compliance with the tax-related providings of the aca, including the premium tax credits. i'm pleased to report that the systems and processes they irs has developed to support enrollment in the marketplace were launched on schedule and are working as planned. we have handled all requests received today via they hhs data services hub and turn-around times are meeting our goals. and a tata protection effort is working a intended. we ensured that data security agreements agreements were ap
PBS
Oct 15, 2013 6:00am PDT
minister shinzo abe remains popular, even after he announced his plan to raise the consumption tax. >>> a proposal was made on the country's nuclear program, meeting with delegates from six major powers for the first time since president hassan rouhani took office in august. the two days of talks are happening in gin eve a. participants include mohammed sareef and foreign policy chief ashton. envoys from the u.s., russia, china, france, and germany are there, too. ashton's spokesperson said zarrif gave a 30-minute presentation to explain tehran's ideas. they propose to accept tougher inspections, in exchange they want western powers to ease economic sanctions on them. the u.s. and other nations have demanded the iranians stop enriching uranium close to weapons grade. they say only then would they ease sanctions. >>> a large and powerful typhoon is churning toward japan's biggest metropolis. residents of tokyo and the surrounding area are preparing to take cover from heavy rain and fierce winds. officials at the meteorological agency said wipha could be the strongest typhoon to hit
PBS
Oct 14, 2013 7:00pm PDT
in this conversation. on twitter, some of your reactions. if the government is shut down, why are we still paying taxes? a lot of people don't really understand how this partial shutdown works. fixed the thing is that the government is shut down, if there is no budget that is voted by the house and by the senate, and that is signed by the president of the united states. part of the republican party is holding the entire nation and potentially the entire world hostage by refusing to put forward a bill that does not include a repeal of the affordable care act, which is called obama care. i don't like that word, actually. but the affordable care act, and the problems, there are about 500,000 federal employees furloughed because of that. that is, they are not working. about 350,000 defense employees are still working because of extraordinary provisions that allow them to work and to be paid. i think in the long run, both sides have a point that republicans and democrats should agree on reductions in federal spending, because federal debt is unsustainable, but the problem is the decision-making process am a
CNBC
Oct 11, 2013 7:00pm EDT
susan collins of maine proposed repealing the medical advice tax, having it paid for and a six-month government funding bill as well as a six-month extension of the debt limit. you're seeing two divergent trains here. it's unclear which one will eventually get the votes. we know that harry reid is opposed to the six-week strategy brought forward by john boehner. it's unclear if john boehner could get that strategy out of the house with only republican votes. from where we stand right now, there is still optimism. but the prospects of having a deal as early as tonight or tomorrow, they don't look too good. it could be monday before we see some sort of vehicle in order to extend the nation's debt limit. and how the markets react to that i think will really make or break whether or not to get a deal done by monday night. >> i think the polling data has shaken up the republicans. we're going to talk a little bit about that in a moment. but let me just ask you, i just interviewed senator collins, going to be on in just a few moments. i know she's contributing very important ideas on
Al Jazeera America
Oct 8, 2013 5:00am EDT
are accusing the government of sabotaging years of progress in renewable energies and putting a tax on the sun. ♪ but first the world's second and third largest economies warned the united states sort out your debt crisis and do it fast and china and japan predict problems if they do not resolve the deadlock or borrowing capacity soon and this was the cooperation summit in bali and the president should have been there but he stayed home to try to sort out his problems and this is a report from bali. >> reporter: the apex summit has officially been wrapped up, the leaders are all going home and we are left with the question how is this apex summit going to be remembered if at all. it was interesting to hear from the indonesia president when he opened and he said what we normally remember and what leaders usually remember are the food and they have at the dinner and it was a joke and symbolizes the wine and dine content of this summit. but of course there is a lot more to it. of course it's not a summit won't constant decision and it's about commitment and meetings. so what has been come out
WQAW
Oct 15, 2013 5:00pm EDT
with more gop sweeteners. including a two-year delay in the healthcare law tax on medical devices and canceling health insurance subsidies for members of congress and the president's cabinet. >> the president signed a bill that left himself outside of obama care but put members of congress in. i think it's time president obama go into obama care. >> reporter: democrats here are accusing house republicans of trying to derail the senate compromise. >> it's nothing more than a blatant attack on bipartisanship. >> this is an effort to sabotage it, delay it and undermine it. >> reporter: the white house say its the bill makes it to the president's desk, he will veto it. in washington, danielle nottingham, wjz eyewitness news. >> thank you, danielle. wjz live complete coverage continues with jessica kartalija. she's live in washington. she speaks with a local federal worker about the shutdown. hi, jess. >> hi, kai. it is incredibly quiet here on capitol hill. but for one maryland worker, he tells me he's still coming to work, afraid of what might happen if he doesn't show up. >> reporte
CSPAN
Oct 15, 2013 12:00pm EDT
repeal the medical device tax included in the affordable care act. that doesn't seem be on the table. >> guest: earlier this year 79 senators voted to repeal the device tax because it is bad policy. it is a tax on all revenue, not just profits. this would especially hurt new startup manufacturing companies in this country. those businesses that rely on innovation to be successful. they need more capitol in those early stages for r&d investment and hopefully discover the next great thing that could lead to more cost savings in the health care system. there is wide bipartisan support in the house doing it to. what we're talking about is paying for it so we're not contributing to the deficit. that is whole new discussion around here when it comes to repealing the device tax. >> host: this is what the "washington post" editorial board says about that this morning. if the main outcome of the crisis is to suspend the medical device tax or health care measures washington will prove only making deficit worse is basis for bipartisan agreement. other critics of repealing the device tax say it'
CSPAN
Oct 9, 2013 10:00pm EDT
is the deadline for all tax returns to finally be submitted. and we are talking about miss ingram. thought about how the irs is going to process this, all of the paper that will be coming in in the next week. instead of having a hearing on the impact of the shutdown of the public, the majority has decided to been actively reenact groundhog day, holding another hearing to point out wrongdoing by the administration. except this version of groundhog day is not funny at all. the committee has decided to bully a civil servant with a long and distinct square with the irs. in fact, members of this committee on the other side have made their intentions clear. accusing the woman of responsibility for the scandal and political bias that they have not been able to prove. let's be clear that she is not a political appointee. she received a distinguished service award from president george bush in 2004. she was given the job of implementing the aca precisely because she is confident and able to get the job done. a thankless task for sure. so let's go to your credentials. you have been a staff person within t
CSPAN
Oct 8, 2013 10:00pm EDT
on the environment. or we work on economic justice to defend the standard of living like against brutal corporate tax up against even worse. with the democracy groups that lead the effort to do work on democracy is the first issue. we need to connect the dots so all members understand this is either the most important issue or the second. not just mccutcheon as we heard, of voting rights rights, voters in it, money out. voters and, many al. voters then, many of. and not just on these issues but they confuse free speech when it came to workers' rights 70 years ago. when it became the only democracy in the world to say that employers can run orchestrated campaign under the banner of free speech if we stay here today that is called union busting and free speech does not mean that employers can tell every supervisor exactly what to say and that is what they do and to fire the workers to stand up and fight back and that is what they do. to ruin their careers of people that stand up for workers' rights and that is what they do. and imports in the today we say clearly free-speech is not equal to monday and
CNN
Oct 7, 2013 8:00pm PDT
of seniors on medicare. he thinks we should we deuce the deficit in part by eliminating tax breaks for wealthy people and oil companies. we should have a debate on the budget and deficit reduction. that's why we have been trying to have budget negotiations. the republicans are trying to say we don't want to have that negotiation on how we reduce the deficit. you have to reduce the deficit our way. and in exchange we'll agree to pay the country's bills on time. >> are they backing off the obama care part of this? we haven't talked about obama care so much tonight. >> i want to talk about obama care specifically. which is in your space, maryland, only 326 people according to the "wall street journal" today have enrolled today. 326. that is a sad and small number especially since your governor said he wanted maryland to lead the way. are you concerned by the fact that the obama administration has not been releasing the numbers of people and obviously there are serious problems with the website that many critics say they are not fully transparent about. >> we had the same problem in ma
CSPAN
Oct 9, 2013 8:00pm EDT
taxpayers costs. obamacare gives the iras the power to force americans to purchase health care and a penalty/tax as determined by the supreme court on those who are delinquent. and yet even though the employer mandate has a penalty of $3000 per worker it is very clear that it's often better for the employer to dump their workers and their retirees in order to avoid an onerous set of new rules. that is part of what this committee has been looking at and in fact while the treasury department plans to send health-insurance subsidies directly to insurance companies if the treasury sense too much to a health-insurance company the plan is for the irs to go after taxpayers to collect the overpayment. yes there is a mistake made and you will pay for. an effort to target americans because of their political beliefs americans concerned about the irs and how they will handle this personal and private information have every reason to be concerned. who will have access to the highly personal health and financial information? a great many people, most of whom you don't know. there will be no control over it a
CSPAN
Oct 15, 2013 7:00am EDT
's taxes but mine. you can cut anybody's check but mine. that is the mindset we have arrived at. everybody thinks it is all about me. when we realize this is about to of us and we may all have pay a little bit more in taxes and yes, we may receive a little bit smaller check, that is the only time that we are going to start dealing with the ultimate problem which is debt. we have to get it paid. thank you and have a great morning. host: here is a piece that was featured on brightbart's website this morning -- that is what the budget chairman told a conservative radio show on monday morning. david, in taxes, democratic caller -- caller: good morning, i have heard a couple of callers on their that have made some good sense and some people who have made some nonsense. you just recently spoke to a gentle man that said exactly the right thing. he said that people are thinking just about me, don't raise my and, don't cut my check, it's all about just one person. our constitution, i think, says we, the people, if i'm not mistaken. yes, our debt, can be paid down but we are going to have to realiz
FOX News
Oct 10, 2013 1:00pm PDT
questioning how you can tax people for obamacare. when they can't even sign up for it due to all the technical glitches. minnesota republican congresswoman michelle backmann is demanding answers. john boehner put this in precise terms today. how can you tax people if you can't sign up for the thing that you're taxing them for not having? >> that's exactly right. how do you tax people and force them to buy a product that they don't want at a web site they can't -- that doesn't even work. that's where we're at right now. and a poll came out today that said only 7% of the american people think this rollout is successful. the bigger number innings 93% of the american people think the obamacare rollout is a failure. a few numbers are emerging, not very many you. think the administration would be touting the millions of people now on obamacare, but we find out in the city of milwaukee, not one person signed up. only seven in the state of wisconsin, only five in the state of iowa. this is a dismal failure, and so this is what we're saying for the president right now. mr. president, let obamacare be v
CSPAN
Oct 11, 2013 6:00am EDT
later, based on the year end tax receipts and expenditures, i updated that and said no later than october 17 we would run out of our own capacity and instead of $50 billion, we would have roughly $30 billion. i think that should indicate that what i said at each of these correspondences is true. it's impossible to predict with accuracy. we are talking about in arm as variations in day to day expenses and an economic activity which generates tax revenues. it is impossible to predict with accuracy. it's typical to keep roughly $50 billion in reserve at all times just as a cushion against the unknown. when you talk about having less than $50 billion in drawing it down, that's a dangerous place to be. that's why congress needs to act to raise the debt limit sooner rather than later. >> they would avoid a potential cataclysm. they should not delay and say we can wait until the eve of october 17 or 19 or october 31, is that right? >> there is a parlor sport in washington of when is the last minute. you cannot do that with the debt limit. if you look for the last minute and you make a mi
CSPAN
Oct 13, 2013 3:00pm EDT
.5 million. put that in perspective. how much money is spent by political parties and tax in all elections throughout the country -- and eac's in all elections throughout the country in one election cycle? >> take the 2010 elections, nonpresidential year. spent approximately $1.5 billion. >> and what about pac's? >> for that i do not have the specifics. newspapers that spend a lot of money in endorsing candidates and promoting their candidacy? in that money, too. that is money that is directed to political speech. when you add all that up, i don't think $3.5 million is a heck of a lot of money. >> i don't think that's the right ways to look at it, your honor. he a $1.5ty has billion together to run a congressional campaign, parties and candidates together, then of $3.5 the maximum million. less than $500 -- less than 500 people can find the whole match and is part of the problem that you will created situation that come if you take off the every limits in which there is a very the government will be hot and run for and by those 300 people -- those 500 people and that is why we have these a
CNN
Oct 14, 2013 3:30pm PDT
a single substantive proposal by this at mrgs on tax perform, a key component of simpson bowles, and now you have a continues resolution shouldn't include lower squser limits? one of the reasons the ratio is lower is because republicans succeeded in lowering the overall spending by government through the sequester. >> you want to respond? >> carly and i are friends and we've debated many times. i thought for a second, wait, is it april fool's day? that's completely not true. since simpson bowles, the president's budget is the only budget put forward by either of the parties which proposed both new revenues and entitlement cuts, and brought the deficit to a level that would stabilize debt to gdp. >> that's why his own party rejected it, and it didn't push forward any reasonable debate. >> the president put forward these proposals. let us remember what happened? when the president said here as part of a grand bargain, i'm willing to put the following things of medicare on the table, the republicans turned around and began condemning them. >> and when the republicans put $900 billion of add
CSPAN
Oct 13, 2013 9:00pm EDT
from is tax break? >> what i can confirm is that all married couples paying basic rate tax will benefit from this vote. it is not about the money. it is about the message. i think marriage is a great institution and i think we should be supporting marriage through the income tax system. minister, with the disappearance of the minimum practice and crumb -- income death not by a thousand cuts but by one cut. they serve elderly residents and indeed a number of children. will he investigate this issue and ensure that my constituents will not be isolated and that they will continue to receive the excellent service that they do from their doctors? >> i will look at the application -- case that he makes. a large rural constituency. i think it is a k-fed many more doctors are operating many more services. we want to see a growth of that to make sure people can go to surgeries rather than emergency units if it is a gp unit they need. >> mr. ed miliband. minister ine prime sending my condolences to the friends and families of the british nationals murdered in nairobi. and all of those killed in t
CBS
Oct 15, 2013 5:00pm EDT
. >> santoni's blamed the tax for putting them out of his this. jayne miller joins us live from city hall with an update. >> do not expect the decision to scare the mayor away from the city's bottle tax. some are asking is the tax really that bad? flag by legislators and community activists, lake expressed regret that it is closing after 33 years but rejected the claim that the bottle tax is to blame. >> it breaks my heart that he is closing but i think all of us are realistic about the reasons. >> you might expect her answer to the next question, which he consider revising the tax? >> absolutely not. cost him $4the tax million in sales in 2000 customers per week. goingch to absorb and the out of business sale is on. santoni got a new landlord. big bottle tax supporter is skeptical. >> to blame this on the bottle tax i think is stretching things a bit. the tax was the trump card with the city being able to convince the state to devote $1 billion to build new city schools. the bottle tax proceeds go to pay the debt. >> is never popular thing to increase attacks. taa tax. baltimore city cha
CNN
Oct 15, 2013 10:00am PDT
of suspending the medical device tax, i believe it's been referred to as a ransom payment and part of this deal. the speaker's office is saying that this idea was actually proposed by white house staff in negotiations last week. is that true or not? >> that is not true. what we have device tax or other elements within the affordable care act that lawmakers want to talking about in an effort to improve the affordableable care act we are willing to have. but not as in. the context of or as ran some for opening the government. that is why a provision like that appears in latest proposal that seems to be going nowhere from house republicans because it's an effort to try to buy votes from tea party republican who's shut this government down in the first place. >> they're not telling the truth about that? >> again, the conversations that have been had here and capitol hill about the medical device tax as far as we're concerned have been about our willingness as the president said and others in a broader context, not ran some for opening the government, not ran some for congress doing its job to pay o
CBS
Oct 15, 2013 12:00pm EDT
and replace those with a two-year delay of the medical device tax, which places new taxes on things like case makers and hearing aids. >> it is very important for us in whatever proposal we move forward will reflect -- no special treatment for anybody under the law. >> eels are being worked on but time is running out. the treasury department will hit its borrowing limit in today's. both proposals are just temporary fixes. the senate plan does require a committee to hammer out a larger budget deal by mid-december. in washington, jennifer johnson, wbal-tv, 11 news. for a rush-hour headache. downtown drivers can expect lane and the road closures around the stadium. >> the ride by the new casino construction project is about to get treacherous. according to city officials, the left lane of northbound and southbound russell street will be shut down. he got onto some side roads into haynes street. it all starts today and lasts until july of next year. >> i'm just trying to drive around down there. that is where it goes. none that area. i think it is worth and have a casino there eventually. >> the
Al Jazeera America
Oct 14, 2013 7:00pm EDT
sides would agree to delay a tax on medical devices. this is not a done deal by any stretch and it just kicks the can to another fiscal crisis after the holidays. the question i have got is, is the deal actually good for the economy? for america? stan calender thinks so, saying that the worst deal for the economy is one that is not done at all. stan is considered one of the foremost experts on the budget in the united states. and he joins me from dc. stan good to see you. you think the deal is good, but that's because you think we should have a deal. >> the worst thing that could happen is this thing collapse, that the uncertainty would continue. it's not a great deal. it doesn't do anything to spur the economy. it continues a fiscal policy that is probably incorrect, but at least the government opens up, and we get good economic data and a chance to keep talking. i don't expect to come of the next two months of discussion, but at least we're not keeping things shut down -- >> nothing came of all of the discussions of august 2011. they had until the end of the year to come up with a dea
CSPAN
Oct 13, 2013 5:00pm EDT
. it makes the case is -- the case for lower government and taxes. >> let's move on. we want to cover as many topics as we can. let's do that. the big sticking point on this shutdown is the affordable care act. mr. mayor, you have said you support the act, but you have said there are problems with it. we have not heard what you think those problems are specifically. can you name any issues that need to be resolved when it comes to the affordable care act, also known as obamacare? >> let's understand this is another clear distinction between me and my opponent. my opponent is not only against the affordable care act, but he would not have even voted for medicare. he said he would be as callous and doesn't carry as you can imagine. get cancer, that's your problem, not mine. i believe you go to washington to make issues of cancer, issues of health care all of our problems. access.e has good right now, it helps families with children with pre-existing conditions actually not be at the whim of insurance companies to deny coverage. it helps young people in this audience today to stay on their paren
FOX Business
Oct 10, 2013 6:00pm EDT
to that trough. they want to play and get coverage. with all of the fees, taxes, and subsidies paid for by taxes of workers plus premiums, what is the true costs, that's true cost to get this insurance? >> well, if you are talking about the true cost to the taxpayer, you know, the estimates of obamacare, doug knows his numbers better than i do, by well over a trillion dollars for that trip to the first ten years. every time they read estimate those numbers -- and correct me if i'm wrong, they increase the cost. and may i say that that is exactly what happened with the history of medicare and medicaid they started out as being relatively small class programs and every couple years the class would inflate more and more which is why people like me were skeptical that this would ever -- remember that the that this would reduce the deficit. no one believes that anymore. gerri: reduce the deficit, reduce costs. we have a caller want to go to the american know, with a question about signing up. >> our you doing. gerri: rate. your question. >> here is what happens to me. i went on the obama exchange and
CSPAN
Oct 9, 2013 2:00am EDT
of your ,et projects to tax gasoline gasoline at the pump. you and i both know we disagree with this. i know you are a strong supporter. people who have children that are disabled have bigger vehicles. one of the things that i am very sensitive about his families who are able to avoid gasoline -- afford gasoline is already twice as expensive under president obama as it was before he took office. many of these families are having problems. on the other side, you mentioned taxes as it relates to perhaps upper income people. back home, there are people who believe if they are paying, they are working hard, because they have a job and not everybody has got a job -- but if they are paying money as a high income earner or others who have no participation in the process, that they should not be held back from how much they can do uct on a pretax basis. a lot of people are struggling anday the bills of taxes their family and so what republicans are not interested in is not increasing taxes on people who are paying the taxes. 'hey are paying for others misfortune, not always their own, but they
FOX Business
Oct 10, 2013 11:00am EDT
security and tax reform meaning a new tax system with lower tax rates. on the democratic side they have been quiet up to now because it has been going their way to show their hand, pressure has been on the republicans. harry reid and nancy pelosi have their own members who do not want to get into a discussion of entitlement reform, do not want to reduce pay outs for medicare and social security and went taxes raised so they continue the upward trend of spending which is at the center of the spending discussions so i think what we can see is push back on the democratic side and the can being in center field being kicked over the six week extension. connell: i want rich to explain to is indeed what your reporting turned out to be right and we do see this extension to the twenty-second of november in terms of the debt ceiling being raised. the separate issue dan talks about with the government being shut down and these are two separate issues does it make more likely the government's they shed down or the government shutdown lasts longer? >> absolutely. what you had before this proposal wa
CSPAN
Oct 11, 2013 6:00pm EDT
assistance programs such as pell grants and food stamps and earned income tax credits that have some sort of means test to them. at least we can do is implement a modest means test for crop insurance subsidies for those making more than $750,000 or $1.5 million for joint filers. to be clear, nobody is kicked out of the program. nobody is eliminated from this program. contrary to the opponents' claims this will not harm the insurance pool by driving out low risk producers. even with a 15% reduction, the subsidy would still be huge and would be a good deal for high income producers since about half of the premium would still be subsidized. with that, mr. speaker, i will yield back. and encourage passage. the speaker pro tempore: the gentleman from utah yields back. the gentleman from oklahoma is recognized. mr. lucas: i wish to yield four minutes to the gentleman from indiana, mr. stutzman. the speaker pro tempore: the gentleman is recognized. mr. stutzman: i thank the gentleman and commend him for his hard work on the farm bill. i know this has been a long and drawn out process. but obviou
FOX News
Oct 15, 2013 1:00pm PDT
for two year delay of the medical device tax and would force congress and white house officials to go on obamacare. 10:05 a.m. senate majority leader harry reid says he is confident the senate can reach a deal to avoid default. sounds positive. 11:07 a.m. the white house issues this statement saying the latest g.o.p. proposal is a partisan attempt to appease the tea party and that set off a fire storm among democrats. >> that progress evidently has struck here in the hearts -- fear in the hearts of the republican whose reckless behavior called upon them to sabotage the bipartisan effort in the united states senate. >> extremist republicans in the house are attempting to coimpede the progress with a bill that can't pass the senate, can't pass the senate, and won't pass the senate. >> we're not going to pay ransom from the american people to the tea party in order to open the government. >> and that brings to us 3:15 p.m. eastern. the time the president called house democrats to the white house. now, moments ago, talk of another house g.o.p. plan to be voted on tonight. we're going to g
CBS
Oct 8, 2013 6:00am EDT
demetrick. coming up, making sure the city's tax bills add up right. >> sharon gibala with wjz traffic control. if you're about to head out, we're starting to see the speed sensors, over to you. >> picabo street knows what it is like to be on the sidelines. on "coffee with" she talks about having four kids. and sports. a lot of parents can relate to this. stay tuned. ,,,,,,,,,,,,,,,,,, >>> the bottom of the hour. a purple tuesday under armor as the ravens play. sharon is watching the roadway. marty with weather. >> i think it's pink. >> oh! >> based on what tv instrument you look at. one is more light blue. pink for breast cancer awareness. >> ok. >>> 47 degrees now on tv hill. and that is going to be now 25 degrees off of yesterday morning's temperature. here's a feel of fall, folks. 67 at lunch going to a high of 70. sun today, clouds tomorrow. rain the following three days. don? take it away. >>> how about your chances of seeing red or green this morning? here's sharon gibala with wjz traffic control. >> good morning. not too many brake lights yet but we're seeing a couple of accide
CBS
Oct 15, 2013 6:00pm EDT
is set to last for hree days. wrecks baltimore's mayor says do not expect the double tax to if a longtime grocery says the tax drove him out of business. >> bitterly fought when it santoni's decision by has put the bottle tax on the front page. the mayor insisted it is here to stay. so the released today five cent bottle tax is bringing in more than a million dollars a month. better than projected and one more reason today. asked if she would consider revising the tax the mayor answered this way. >> absolutely not. >> santoni's announced it would close after 83 years in business saying the bottle tax hurt sales and your weight customers but the store is facing increasing competition and has a new landlord. the mayor rejects the idea that the tax is to blame. >> it breaks my heart that he is closing but i think all of us are realistic about the reasons. --curt anderson said the tax the city was able to convince the state to devote a billion dollars to build new city schools. the bottle tax proceeds go to pay the debt. >> it is never a popular thing to increase a tax. newalternative was no
CSPAN
Oct 10, 2013 12:00am EDT
and they made -- they have looked up your database in your tax information and they have your e-mail. they sent me back in a mild telling you how much you will have to pay if you don't sign up for the affordable care act? >> i'm not familiar with the way they have sequenced their enrollment process other than i know that some of our folks have looked carefully at the questions that are asked to ensure any tax related him -- tax related items are correct and make sure no text data is displayed on the face machine. >> they use your taxpayer database even if someone might not have the insurance and they are just looking at what the exchange would be because they don't know whether they will have insurance. they go through the process and in order to check for a hypothetical enrollment they get that information and they get an e-mail basically the threatening them with the a fine if they don't sign up and that's just an observation of people signing up who are calling our offices and saying i'd wasn't told how much i'd have to pay if i didn't enroll. >> only time we are sent a query is if someone h
FOX Business
Oct 15, 2013 11:00am EDT
medical device tax suspension taken out on the senate side, that is going to be the big thing it seems like today the house puts forward this plan which includes other things that having members and the president and vice president covered by obamacare. what do you make of the developments this morning? >> we have two days left before we stare into the abyss. on the republican side really need to peer over the cliff in order to satisfy the kind of chasm between what conservative grassroots want and what is actually achievable by the government. i understand we're getting kicked over here? dagen: peter barnes is standing by in washington. i want you to answer a question, wilraise a moment ago. is something doable y thursday? can i get something done based on the way they have to move forward? >> i think so. there are some similar days between the house proposals we are about to hear from speaker boehner. as connell was talking about some proposals. they share some common components, but it looks like there could be some compromise for a one-year delay on the medical device tax which wa
Al Jazeera America
Oct 15, 2013 7:00pm EDT
? what are our taxes next year? what is our spending for next year? i don't know. i'll wait and see before i make the plunge to hire or expand my plan. the that's the direct affect. the indirect affect could be that it raises interest rates and causes companies to cut back on expansion plans. >> if demand is there, if jobs are growing, if people have money, if the demand is there wouldn't though companies have to expand any way? >> they would, but the question is what time and at what pace. >> and you're saying that this continued uncertainty causes them to do the least possible? >> not the least possible. it depends on which company and how they're affected by the uncertainty. think back to the end of 2012 when approaching the so-called fiscal cliff. were taxes going to go up by $400 billion a year or stay unchanged? think of the uncertainty that the corporate planner was playing when trying to decide what the decisions should be made on the outcome of that tax rate. >> let's look forward to the next 24, 48, 72 hours, if there is a deal that we'll raise the debt ceiling now but ext
CSPAN
Oct 12, 2013 6:30pm EDT
bipartisan support for this? >> yes. unfairness tax, wireless tax fairness act, i should say. localities out that and states are taxing wireless cell phone access, not the phone purchases themselves, in a disproportionate way. i guess it's an easy thing to do. they are taxing these plans as if they were syntaxes. it's kind of tobacco like. what we said as a congress and country is we do not want to disproportionately burden access to the internet. we have in internet fairness tax that had huge bipartisan support. when you think about where we , hown 2013, 2014 coming up do people get access to the internet, especially people who are less affluent? it is through their cell phones and digital devices. have moratoriums on disproportionate taxes on cell phone access. we have bipartisan support on that. i'm hopeful that we in the middle of all of this acrimony can come together and do something sensible like that. >> as we're getting close to the end of the first session of the 113th congress, do you see potential action on this bill? >> i hope so. the cell phone bill passed the house last congre
KBCW
Oct 13, 2013 8:00am PDT
testing, people with a lot of money, they had a social security benefits tax, delayed it three months and compromised on tax reform. tip and reagan gave us a 28% comp rate. imagine that. but the same tax for earned income is equity income which made the liberals happy. giving some of what you want and pushing onto the next challenge. today they stop every time and say we have been on this boat since 2011. this thing isn't new, we are not going to deal. this time they made a big mistake. they thought that obama would give up on his baby, just like the democrats for a while thought reagan would give up on his tax cuts. you don't give up on your baby. you fight for that. >> plus, the fact that affordable air is the law of the land right now. -- affordable care is the law of the land right now. wouldn't it be nice if they could have one bill and one issue. >> yes. ted cruz, this fire brand, came up with an idea we can stop the whole train if we go with health care so it was like if we come up with health care you are a bad guy, revolutionary. i have never seen anything like it. >> it
PBS
Oct 14, 2013 6:30pm PDT
or appeal of the device tax that some republicans asked for. there will be income strength and subsidies under obama care, and as a trade for that, democrats are going to get something labor unions have asked for, which is the delay in insurance tax, which labor unions complain hit their taxes too hard. >> hi, john, it sounds like some of the main issues that were on the table in the beginning have been pushed off. this is all about pushing all the problems down the line. is this what it has come down to? there is no credible plan about getting long-term spending under control, right? >> well, the plan susie is to commence negotiations. you know, this is a stop gap first to reopen the government, second to remove the threat of a debt default. but it is in the service of creating a budget negotiation between the house and senate, accelerating one that was stalled earlier in the year. but yes, the assumption on all sides is that they negotiate some sort of deal, big or small, that relieves part of the sequester, but substitutes longer term entitlement savings. and the longer question is wh
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